Investigations

ISLAMABAD (Dunya News) – National Accountability Bureau (NAB) Chairman Javed Iqbal on Monday decided to transfer fake accounts case against Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari, his sister Faryal Talpur and Sindh Chief Minister (CM) Murad Ali Shah to the Bureau’s office in Rawalpindi. Thereby, references pertaining to the case will be lodged […]

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Kathmandu Post/ | #AsiaNewsNetwork – A damning report by the Centre for Investigative Journalism-Nepal (CIJ-Nepal), released on Wednesday, said around two-thirds of the foreign direct investment was coming into Nepal from tax haven countries and that around 55 Nepalis and non-Nepali residents had invested in offshore companies, setting off alarm bells in the country. Government agencies […]

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Pakistan’s anti-corruption court has sentenced former prime minister Nawaz Sharif to a seven-year prison term for failing to account for income related to ownership of a steel mill, his second conviction since the 2016 Panama Papers investigation revealed his family’s wealth. The court also fined Sharif $25 million and barred him from holding office once […]

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Jan 21, 2019- A damning report by the Centre for Investigative Journalism-Nepal (CIJ-Nepal), released on Wednesday, said around two-thirds of the foreign direct investment was coming into Nepal from tax haven countries and that around 55 Nepalis and non-Nepali residents had invested in offshore companies, setting off alarm bells in the country. Government agencies were […]

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ISLAMABAD: After three days of deliberations in the light of the Supreme Court’s orders, National Accountability Bureau (NAB) Chairman retired Justice Javed Iqbal has referred the fake bank accounts and money laundering case to the bureau’s Rawalpindi office. Now Rawalpindi NAB Director General Irfan Mangi, who was a member of the joint investigation team (JIT) […]

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London based group claims 55 Nepalese stashed $45 million in Swiss banks By Riyaz ul Khaliq ANKARA The Nepalese government promised an investigation Friday into an alleged scandal involving 55 citizens of the land-locked Himalayan country that stashed money abroad — an act considered illegal locally. The assurance comes two days after the London-based Centre […]

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Following revelations earlier this week by The Shift News about the hospitals deal that saw Vitals Global Healthcare, just 21 months into its 30-year contract, transferring its concession to run three state hospitals for €70 million a year to Steward Healthcare for a paltry €1, there are some vital questions that need to be answered. […]

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BRUSSELS (Reuters) – The European Commission has opened an investigation into the tax treatment of Nike Inc (NKE.N) in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage. The Nike case, announced on Thursday, follows other probes by the EU executive since 2013 into tax schemes in Belgium, Gibraltar, Luxembourg, […]

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Federal authorities announced a raft of conspiracy and tax fraud charges Tuesday against four men in the first U.S. prosecution related to the so-called Panama Papers. The 11-count indictment unsealed in Manhattan stems from what prosecutors described as an “intercontinental money laundering scheme” involving a global law firm based in Panama. Two Germans, one American […]

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Jan 19, 2019- The Prime Minister’s Office has directed the Financial Information Unit under the Nepal Rastra Bank to expedite probe into businesses and businesspeople following media reports of their involvement in establishing companies in tax haven countries and bringing in foreign direct investment from there. The government swung into action following the Centre for […]

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The leak included 11.5 million documents in all, from Panamanian law firm Mossack Fonseca, which facilitated dizzying webs of shell companies, offshore accounts and other business structures to obscure their clients’ wealth and, in many cases, avoid tax bills in their home countries. … read more at: http://www.kfvs12.com/2018/12/04/conspiracy-financial-crimes-charges-against-men-panama-papers-investigation/

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